Insurance

Let’s talk about insurance for a moment.

In Canada, insuring a motorcoach is a sucker’s game. The only question is just how outrageous some of the insurers will be in attempting to take as much money from you as possible.

Unfortunately we do not have the same competitive environment as exists in the United States and, because the market in Canada is much smaller, we wind up paying the price. Sometimes. It depends on an unusual set of circumstances.

I had posted about the tale of two coaches here. And the remarkable difference in the cost of a policy between the two insurance quotes from the same insurer for two motorcoaches of equivalent value.

Notice any difference?

Yes, we were paying $4,617.26 to insure a Newmar Dutch Star and our friends were paying $1,174.00 to insure their Newmar King Aire. Why? Well, we were given a number of nonsensical reasons: their coach was used and we had purchased new even though the market value of both coaches were equivalent and our coach had been in service for a couple of years.  And our friends had a special group rate (sadly, Lorraine and I do not constitute a special group so no, we would not be given the special group rate).

We renew our policy from this insurer next month. The coach is now a year older.

And guess how much they want to charge us to renew our policy?

SIX THOUSAND, FOUR HUNDRED DOLLARS!

No accidents. Perfect, clean driving record with no infractions. Just a massive bump in price because, well, just because. Thank you very much Aviva Canada.

Totally insane. We have a quote from another insurer for $3,300. While not a great deal, it is certainly better than the $4,617 we have been paying and clearly much better than the attempt to rob us of $6,400 on renewal.

Lorraine is checking with a few others and we’ll see if we can get any better pricing.

What a business.